Follow India Renewable Energy News on WhatsApp for exclusive updates on clean energy news and insights

NTPC Green Energy Invites EoIs to Acquire 50 MW+ Solar Projects with Valid PPAs

NTPC Green Energy has issued an expression of interest (EoI) seeking acquisition opportunities for operational solar power projects with a minimum cumulative capacity of 50 MW. Eligible projects must be backed by valid power purchase agreements (PPAs) with NTPC or its trading arm, NTPC Vidyut Vyapar Nigam, acting as intermediary procurers. The move is part of NTPC Green’s strategy to expand its renewable energy portfolio through inorganic growth.

Only fully operational projects with secured land (freehold or long-term lease) and grid connectivity will be considered. Additionally, the projects must have a PPA with at least 10 years of residual term from the bid date, which is set for May 27, 2025. The projects must also have robust O&M arrangements in place, be fully compliant with statutory and environmental clearances, and be insured.

The asset-holding entities must be registered in India with a 100% equity stake available for acquisition. This initiative is aligned with NTPC Green’s ambitious goal of reaching 60 GW of renewable energy capacity by FY 2032. The company currently has 6 GW installed and another 12 GW under implementation.

This EoI follows recent tenders by NTPC Green for land and transmission infrastructure to support new ISTS-connected solar and hybrid projects, including a 900 MW initiative in Bhuj, Gujarat, and a 230 MW solar-plus-storage project in Tamil Nadu.